OPEN MEETING AGENDA
Wednesday, August 31, 2011

Item 1:

USE OF DERIVATIVES BY INVESTMENT COMPANIES UNDER THE INVESTMENT COMPANY ACT OF 1940

Office:

Division of Investment Management

Staff:

Doug Scheidt, Nadya Roytblat, Edward Rubenstein, Michael Didiuk

The Commission will consider whether to issue a concept release and request public comment on a wide range of issues under the Investment Company Act raised by the use of derivatives by investment companies regulated under that Act.

TREATMENT OF ASSET-BACKED ISSUERS UNDER THE INVESTMENT COMPANY ACT OF 1940

COMPANIES ENGAGED IN THE BUSINESS OF ACQURING MORTGAGES AND MORTGAGE-RELATED INSTRUMENTS

Office:

Division of Investment Management

Staff:

Doug Scheidt, Nadya Roytblat, Rochelle Plesset

The Commission will consider whether to issue two related releases. The first release is an advance notice of proposed rulemaking to solicit public comment on possible amendments to Rule 3a-7 under the Investment Company Act, the rule that provides certain asset-backed issuers with a conditional exclusion from the definition of investment company. The second release is a concept release to solicit public comment on interpretive issues related to the status under the Investment Company Act of companies that are engaged in the business of acquiring mortgages and mortgage-related instruments.